Stocks hitting new 52 week highs on June 1 are American Capital Agency Corp., Reinsurance Group of America Inc., Fortinet Inc., HCC Insurance Holdings Inc., and Fidelity National Financial, Inc.. Investors are buying the stock and pushing it higher because they may think that the stocks were undervalued. This could be a result of higher than expected earnings, overall market growth, or simply investor speculation.
Shares of American Capital Agency Corp. (AGNC) fell by 0.46% or $30.37/share to $30.23. In the past year, the shares have traded as low as $21.63 and as high as $30.37. On average, 3513060 shares of AGNC exchange hands on a given day and today's volume is recorded at 2203873. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $27.09 area.
Shares of Reinsurance Group of America Inc. (RGA) fell by 2.31% or $63.53/share to $62.06. In the past year, the shares have traded as low as $42.46 and as high as $63.63. On average, 557510 shares of RGA exchange hands on a given day and today's volume is recorded at 571375. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $54.93 area.
Shares of Fortinet Inc. (FTNT) traded higher by 2.5% or $48.49/share to $49.7. In the past year, the shares have traded as low as $14.72 and as high as $49.46. On average, 878400 shares of FTNT exchange hands on a given day and today's volume is recorded at 1930278. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $34.57 area.
Shares of HCC Insurance Holdings Inc. (HCC) fell by 1.21% or $33.09/share to $32.69. In the past year, the shares have traded as low as $23.72 and as high as $33.09. On average, 600950 shares of HCC exchange hands on a given day and today's volume is recorded at 911421. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $29.03 area.
Shares of Fidelity National Financial, Inc. (FNF) fell by 0.88% or $15.98/share to $15.84. In the past year, the shares have traded as low as $12.18 and as high as $16.00. On average, 1494750 shares of FNF exchange hands on a given day and today's volume is recorded at 1868436. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $14.13 area.
